Target

Target cuts sales forecast for holiday season

Target cuts sales forecast for holiday season

MINNEAPOLIS — Target Corp.’s shares fell in early trading on Wednesday, after the company reported softening sales and a drop in earnings for its fiscal third quarter. Target reported that its comparable sales increased 2.7% in the quarter, on top of 12.7% growth in last year’s quarter. That performance was led by growth in such

Target debuts prototype for larger format stores

Target debuts prototype for larger format stores

MINNEAPOLIS  – Target Corp. today unveiled a new prototype for its larger-format stores that offers a more open layout for shoppers while adding a dramatically larger backroom fulfillment space to support online delivery and pickup orders. Stores with the new design will measure nearly 150,000 square feet, or more than 20,000 square feet larger than

Target partners with FAO Schwartz on toys

Target partners with FAO Schwartz on toys

MINNEAPOLIS — Target is teaming up with FAO Schwarz to raise its game in the toy category ahead of the holiday season. Target said Monday that, beginning in mid-October, FAO Schwarz toys will be available exclusively at Target stores, Target.com and FAO Schwarz stores. Target also announced that its 10th annual Bullseye’s Top Toys list

Target CEO Cornell to stay on, Valdez to retire

Target CEO Cornell to stay on, Valdez to retire

MINNEAPOLIS — Brian Cornell has committed to stay on as chairman and chief executive officer at Target for about three more years, beyond the retailer’s traditional retirement age of 65, the company said on Wednesday. But Arthur Valdez, executive vice president and chief supply chain and logistics officer, does plan to retire from Target. He

Store remodels elevate the Target experience

MINNEAPOLIS — Target Corp. recently completed its 1,000th store remodel, a milestone that represents the halfway point in a strategy announced five years ago to reimagine the ways it serves guests through innovative store design and renovations. In commemorating the milestone, Target noted in a post last month on its “Bullseye View” blog that stores

Target responds to spending shift

MINNEAPOLIS — Target Corp. is canceling orders from suppliers and reducing prices to help clear an inventory glut in response to consumers’ faster-than-expected shift toward non-discretionary spending on things like food, travel and ­entertainment. Target said it also plans to add storage capacity near U.S. ports to lessen the impact of unusually high transportation and

Sylvester in new role at Target

MINNEAPOLIS — Target has appointed Cara Sylvester executive vice president and chief guest experience officer, a new role at the company, in one of several changes to the 14-member leadership team that reports to Brian Cornell, Target’s chief executive officer. Sylvester joined Target in 2007 and has been serving since last year as Target’s chief

Biden asks Walmart, Target, suppliers for help easing baby formula shortage

Biden asks Walmart, Target, suppliers for help easing baby formula shortage

WASHINGTON — President Biden Thursday asked retailers and manufacturers, including Walmart, Target, Reckitt, and Gerber, to do more to help families get infant formula. He discussed Reckitt and Gerber’s efforts to increase production to make up for lost supply from Abbott, and asked them to identify other ways the administration can help them. The conversation

Target makes updates to its leadership team

Target makes updates to its leadership team

MINNEAPOLIS — Target has named Cara Sylvester executive vice president and chief guest experience officer, a new role at the company, in one of several changes to its leadership team. The company said Thursday that Sylvester will lead the strategy to further differentiate Target’s guest experience, with a focus on increasing personalization and attracting more

Target passes $100 billion mark, net soars 59%

MINNEAPOLIS — Target Corp. capped a spectacular fiscal 2021 performance by recording more than $100 billion in sales for the first time and achieving record earnings per share in the fourth quarter. With both its in-store and e-commerce channels operating impressively, management has announced an aggressive program of investments to drive long-term growth and expand

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